June 23, 2018

IRS Adoption Credit

On March 10, 2011 the IRS issued updated guidance on the expansion of the refundable tax credit for qualifying adoption expenses of a child, including children with special needs.

IRS Adoption Credit

New IRS Adoption Credit guidance is released by the IRS.

This tax credit is in effect for tax years 2010 and 2011.

How do you get the Adoption Tax Credit?

You simply have to attach one or more qualifying adoption related documents to the IRS Form 8839 .

What are qualified adoption expenses?

Qualified adoption expenses, which are allowed under the Adoption Tax Credit include:

  • reasonable and necessary adoption fees
  • court costs
  • attorney fees
  • traveling expenses (including amounts spent for meals and lodging while away from home)
  • other expenses directly related to and for which the principal purpose is the legal adoption of an eligible child

The maximum adoption tax credit per child is $13,170, which is an increase from 2009.

For more information on the Adoption Tax Credit for tax years 2010 or 2011, visit this IRS Link, or consult your tax professional.

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